The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) was downgraded by William Blair from an "outperform" rating to a "market perform" rating in a report released on Thursday.
HAIN has been the subject of several other research reports. DA Davidson reiterated a "neutral" rating and issued a $1.50 target price on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. Weiss Ratings restated a "sell (e+)" rating on shares of The Hain Celestial Group in a research note on Friday, January 9th. Wall Street Zen downgraded shares of The Hain Celestial Group from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Barclays lowered shares of The Hain Celestial Group from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $1.50 to $0.50 in a research note on Monday, March 16th. Finally, Stephens dropped their target price on shares of The Hain Celestial Group from $2.00 to $1.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $2.14.
Read Our Latest Report on HAIN
The Hain Celestial Group Stock Performance
Shares of The Hain Celestial Group stock opened at $0.88 on Thursday. The Hain Celestial Group has a 1 year low of $0.58 and a 1 year high of $3.51. The firm's 50-day simple moving average is $0.82 and its 200-day simple moving average is $1.10. The firm has a market cap of $79.82 million, a PE ratio of -0.14 and a beta of 0.65.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates of ($0.03). The business had revenue of $384.12 million during the quarter, compared to the consensus estimate of $383.23 million. The Hain Celestial Group had a negative return on equity of 1.15% and a negative net margin of 36.12%. On average, equities analysts predict that The Hain Celestial Group will post 0.4 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. bought a new stake in The Hain Celestial Group in the third quarter valued at $29,000. Thrivent Financial for Lutherans grew its position in shares of The Hain Celestial Group by 104.8% during the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company's stock worth $32,000 after acquiring an additional 11,000 shares during the last quarter. Mariner LLC grew its position in shares of The Hain Celestial Group by 98.0% during the fourth quarter. Mariner LLC now owns 30,098 shares of the company's stock worth $32,000 after acquiring an additional 14,895 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of The Hain Celestial Group in the 4th quarter worth about $36,000. Finally, Amundi acquired a new stake in shares of The Hain Celestial Group in the 4th quarter worth about $37,000. 97.01% of the stock is currently owned by institutional investors.
About The Hain Celestial Group
(
Get Free Report)
The Hain Celestial Group, Inc NASDAQ: HAIN is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.
Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth's Best organic baby foods, Rudi's organic bakery items, Terra vegetable chips and Sensible Portions snacks.
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